Your friend Dimitre tells you that he thinks that his favorite basketball team has a 70% chance of winning the next game. This is an example of a(n)

What is meant by sniping in an auction? Does it make sense to snipe to win an auction?

What will be an ideal response?

Suppose individuals decide to reduce their holdings of money market funds. Further assume that these decisions put funds into checkable deposits. Given this information, we know that

A) the demand for M1 would increase and the demand for M2 would decrease. B) the demand for M1 would decrease and the demand for M2 would decrease. C) the demand for M1 would increase and the demand for M2 would increase. D) the demand for M1 would decrease and the demand for M2 would increase. E) none of the above